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In the end, after weeks of strong slowdown, the cryptocurrency market finally moved in the green for two continuous days, bringing the capital cap up to $ 114 billion and then to $ 121 billion by December 19th. With the bears trying to decrease, the coins have seen huge variable gains that have led to different movements on the global scale of coins. EOS [EOS] moved to the top-5 by taking 4th place by beating Stellar Lumens [XLM] with its increase on Tuesday. On Wednesday, Bitcoin money [BCH], the bad guy from November moved from ninth place to sixth place over Litecoin [LTC] and Tether [USDT].
Bitcoin money [BCH] was languishing in ninth position as the market fell to $ 103 billion last week which saw the price of the BCH token fall below the Ethereum [ETH] for the first time ever. At the start of this week both BCH and ETH were traded at around $ 80 and now the two top-6 coins are well above $ 100, with Bitcoin Cash accumulating over $ 9 in the price difference between Ether.
BCH / USD
The key currency support level is $ 77.44, which the currency slipped last weekend. The key resistance level of the currency was $ 89.89 before the recent recovery, following the same, a new level of resistance began to form in the following points, $ 102.52 and $ 115.31. The MACD line shows that the currency is going through a bullish phase from 1300 UTC on December 17, while the 100 EMA line indicates an uptrend.
While the bulls are back on the market, so are investors, who are increasingly buying EOS [EOS] and Ripple's XRP has now shifted its focus to Bitcoin Cash [BCH]. The RSI of the 6th classified crypto returns to 81.92 to 1600 UTC on December 18th, since then it has stabilized at 66.22. The trading range shown by the currency is $ 101.98 – $ 121.99, with the currency balanced between the two extremes. At the time of printing, the currency rose against the US dollar by a whopping 25.86% and is priced at $ 113.36.
BCH / BTC
Bitcoin money has increased compared to an increase in Bitcoin [BTC] 18.54% and currently a BCH is equivalent to 0.03029737 BTC.
Market capitalization
Last weekend, Bitcoin Cash fell to its lowest point in the full year, when it registered a meager market capitalization of $ 1.31 billion, following which it began its expansion. Initially, the currency added a slight 130 million dollars to reach 1.43 billion dollars, and then stabilized at 1.49 billion dollars at the beginning of the week. At 1300 UTC on Tuesday, the market cap rose to $ 1.53 billion and then skyrocketed by 18.95% to $ 1.83 billion. Another positive cycle started at 0100 UTC on 19 December, when the market cap increased from $ 1.82 billion, 13.36% to $ 2.06 billion in just over 2 hours. At the time of printing, the market capitalization has slightly decreased and is worth $ 1.98 billion.
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